Adient says revenue in q2fy20 is expected to be about $3.5 bln versus $4.2 bln in q2fy19

Adient announces preliminary q2 fiscal 2020 results; exploring funding options to further strengthen the balance sheet.revenue in q2fy20 is expected to be about $3.5b versus $4.2b in q2fy19.q2fy20 adjusted ebitda expected to be between $200m and $210m (including about $100m impact from covid-19), versus $191m in prior-year quarter.free cash flow for quarter is expected to be between negative $140 million and negative $160 million, versus $60 million in prior-year quarter.is assessing additional funding options to further strengthen its balance sheet.estimates cash burn rate will average about $175 million per month.taking actions to resize cost structure to address post-crisis sales environment, which co expects will be smaller than before pandemic.q2 revenue view $3.85 billion -- refinitiv ibes data.
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